{"id":624225,"date":"2025-02-05T14:58:11","date_gmt":"2025-02-05T14:58:11","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=624225"},"modified":"2025-02-05T14:58:11","modified_gmt":"2025-02-05T14:58:11","slug":"cardano-price-prediction-ada-plunges-20-in-a-week-as-traders-turn-to-this-crypto-wallet-token-that-flags-the-next-big-gem","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/cardano-price-prediction-ada-plunges-20-in-a-week-as-traders-turn-to-this-crypto-wallet-token-that-flags-the-next-big-gem","title":{"rendered":"Cardano Price Prediction: ADA Plunges 20% In A Week As Traders Turn To This Crypto Wallet Token That Flags The Next Big Gem"},"content":{"rendered":"

The Cardano price is down more than 20% on the weekly time frame even after increasing 3% in the last 24 hours to trade at $0.7509 as of 3:40 a.m. EST on trading volume that plummeted 50% to $1.27 billion.<\/p>\n

This decline in the ADA price over the last 7 days comes after Trump’s tariffs. The drop led to Cardano breaking the support at $0.90 and spiraling down to nearly $0.60.<\/p>\n

From there, the crypto saw a recovery to $0.82 before dropping again to an average price of $0.75, where it sits at the time of writing.<\/p>\n

Cardano Price Prediction<\/h2>\n

Following its price<\/a> dip to $0.60, Cardano saw a strong recovery to $0.80, as mentioned, even hitting $0.82 briefly before seeing a slight correction which ultimately left it at $0.75.<\/p>\n

During this initial bounce back up, its Bollinger Bands saw a massive widening, but even though the price kept recovering since, the bands have narrowed on late Monday.<\/p>\n

As the token dipped toward $0.75, the bands saw another slight widening, only to narrow down again ever since. This suggests uncertainty among traders, likely since many are wondering were the price will go from here.<\/p>\n

There have not been any signs that the expected crypto bull run is starting, and despite him being pro-crypto, Trump’s recent actions have shaken up the financial industry quite a bit.<\/p>\n

\"Cardano<\/p>\n

The project’s Relative Strength Index (RSI) shows similar uncertainty, as it initially surged to the overbought zone after the Sunday\/Monday dip, only to then drop to the oversold zone as the price corrected to $0.75.<\/p>\n

Since then, it has mostly fluctuated around the neutral value of 50. These fluctuations, which initially went from the lower 30s to higher 60s have been growing smaller as time passed, and now, they tend to move between 45 and 55.<\/p>\n

In other words, ADA is mostly stable for the time being, although it remains to be seen whether it can maintain this stability and for how long.<\/p>\n

With its 7-day chart looking very similar to Bitcoin’s, Cardano is likely following the older cryptocurrency’s lead, and will continue to do so during this period of uncertainty.<\/p>\n

Promising Alternative To Cardano<\/h2>\n

With Cardano currently stable and waiting for Bitcoin to lead the way, investors might be interested in promising alternatives, such as Best Wallet (BEST)<\/a>.<\/p>\n

Best Wallet is a new crypto wallet that launched last year and has since become one of the most popular and most advanced new crypto wallets for Android and iOS device users.<\/p>\n

It is completely non-custodial, so no one other than you can access your money, and it is multi-chain, supporting over 60 different blockchains, as well as all of the coins and tokens running on them.<\/p>\n

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Making it in crypto = information + speed. Best Wallet has both.<\/p>\n

— Best Wallet (@BestWalletHQ) February 4, 2025<\/a><\/p><\/blockquote>\n